Santo Domingo (1516-55) 4 maravedis

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from the Stack's Bowers 2018 Collector's Choice sale, lot 71516
photo courtesy Stack's-Bowers LLC

This specimen was lot 71516 in Stack's Bowers Collector's Choice sale (Santa Ana, CA, May 2018), where it sold for $168. The catalog description[1] noted, "SANTO DOMINGO. 4 Maravedi, ND, Charles & Johanna (1516-55). PCGS Genuine--Environmental Damage, EF Details Secure Holder. Some minor pitting, boldly struck showing good detail. EX: Stack's Bowers & Ponterio sale 160, lot 8531." This enigmatic and seldom seen type is difficult to attribute. Two maravedis are also known to exist but are very rare. In the 1530's, it was the Spanish conquistadores' plan to mint gold and silver to send home to Spain and mint copper coins for the use of the natives. This was frustrated by the locals' adamant refusal to accept copper as money and the scheme was abandoned. The conquest of Mexico and the discovery there of large silver deposits vitiated the need for a mint on Hispaniola and it was closed.

Recorded mintage: unknown.

Specification: copper.

Catalog reference: KM-45; Cal-Type 134 #208, Cayón-2991.

Source:

  • [1]Ponterio, Richard, Kyle Ponterio and Chris Chatigny, The May 2018 Collector's Choice Sale, Santa Ana, CA: Stack's Bowers LLC, 2018.
  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • Menzel, Sewall, Cobs, Pieces of Eight and Treasure Coins, New York: The American Numismatic Society, 2004.
  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.

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